Oil & Gas Exploration & Production Company

Oil & GasExploration & Production CompanyProfile & Activities

U.S.A. IRAQ LIBYA SYRIA YEMEN U.K.

“The Future of Energy”

www.universaloilreserves.com

“The Future of Energy”

Universal Oil Reserves

is the foremost leader in the oil &

gas industry by utilizing the most advanced and unique

technology for exploration, develop-ment & hydrocarbon monitoring 4D, by

the Passive Seismic Spectroscopy Tech-nology, smart field, 2D/3D seismic, deep

& horizontal drilling, advance well logging, reservoir management completely through to the end user, moreover by implementing our strong management skills, comprehensive knowledge & practical experience from

all downstream and upstream aspects. Universal Oil Reserves will become

a major worldwide player in the future of energy.

Mission Statement

UNIVERSAL OIL RESERVES INC. CORPORATE PROFILE 1

Welcome to Universal Oil Reserves Inc.

Universal Oil Reserves Inc. is an oil and gas company with corporate officesin the United States and Middle East with operations throughout the world.

Universal Oil operations are quite flexible to where the company is suited todeal with Oil and Gas business in all phases, from exploration, discovery and development to drilling of oil wells, maintenance of oil wells, refineries andoil products i.e. from identification through finished products.

• Universal Oil is engaged in the acquisition, exploration, development, production of oil and natural gas reserves in North America and the Middle East.

• Universal Oil’s key strategy and USP involves the development and utilizing of advanced technology including Passive Seismic Spectroscopy to reduce exploration and development risk and minimize cost.

UNIVERSAL OIL RESERVES INC.CORPORATE PROFILE 2

About Universal Oil Reserves Inc.

Universal Oil Reserves Inc. is an oil and gas company and has a consortium of partner companies, which has beginning date back to 1950. The combined proven asset reserves exceed US $10 Billion.

The demand for oil and gas has grown steadily worldwide, and is expected to double from 1985 to 2030.

Universal Oil Reserves Inc. has positioned itself on the cutting edge using the most advanced technology available today.

The company plans an expansion into the potential exploration areas, and oil and gas developed fields of Iraq, Syria, Yemen, Mauretania, Somalia andU.S.A.

We have the capability to meet with all challenges of financial, technical,operational, health safety, and environmental to develop, produce, enhance and improve oil recovery from any oil field to ensure a higher sustainableyield.


About Universal Oil Reserves Inc.

The group of companies consist of:

• Seismic Company

• GEOFIZYKA Torun

• Development & Drilling Company

• Oil and Gas Exploration Company

• Cracow Ltd. Operating Company

• BPG- Exploration Geophysics Service

• Geodynamics

• Passive Seismic Company

Universal Oil Reserves Inc. has objectives to explore, develop, produce, enhance, and improve its oil recovery to a higher sustainable plateau. We are ready to participate in the development of know-how technologies that will be transferred and used for local training at all levels.

Universal Oil Reserves Inc. master plan includes the development of major oil and gas centers in several countries, helping to improve and streamline all aspects of the oil and gas industry.


Who We Are

Universal Oil Reserves Inc. is an independent oil and gas company, primarily engaged in acquiring, developing, exploring, and producing oil and gas. The core operation initially started in the United States, and over the years developed quality relations with: Yemen, Libya, Iraq, Syria, and Mauretania.

Universal Oil Reserves Inc. has corporate offices which are located in theUnited States of America, United Arab Emirates, and Iraq. Universal Oil’s management team consists of individuals with significant experience in theoil and gas industry, international business and the banking industry.


Technical Mission

• Utilize extensive theoretical and practical experience in the upstream and downstream requirements of the oil, gas & petrochemical industries.

• Participate in oil and gas, power generation projects that include: Design engineering, construction, commissioning, operation, maintenance and reliability engineering, with excellent knowledge and experience in hydrocarbon processes, mechanical, electrical, instrumentation & control, information technology and process applied to: Well testing, petroleum engineering, oil & gas separation plant, gas processing and treatment plant, water and gas injection schemes, oil refineries, LNG plants, power generation plant and distribution network.

• Strong project management skills, and consistent record of achieving results within budget and schedule.

• Experience including, covered planning, implementation, construction and commissioning of major projects, as well as maintenance, major overhauls, and equipment modifications.

• Comprehensive background and knowledge in human resources and recruitment.

• Participating in many interviewing campaigns for new engagements, with good exposure to successful management skills, personnel planning, scheduling and control techniques, and practices, including productivity management.

• Comprehensive knowledge, and practical experience in carrying out self assessment and benchmarking processes in all aspects with the application of the latest management tools, and best practices for the improvement of company performance and practices.


CEO & PRESIDENT

Abdulkadir Al-NakibBSC Degree Aviation, Oxford - UK

• Mr. Al-Nakib is CEO and President of Universal Oil Reserves Inc.

• Mr. Abdulkadir Al-Nakib; studied Geophysics at the University of Baghdad, Iraq.

• Mr. Al-Nakib, has worked in the oil and gas industry which focused in the USA, Middle East, West Africa and South America. He has served in the capacity of President and Board Member.

• Mr. Al-Nakib attended flight universities in Oxford, England, completing his commercial pilot’s courses and obtained his commercialpilots license, after which he became a commercial airline pilot. After locating in the United States, he completed several other international business courses, with a focus on the financial industry. He is fluent in English and Arabic.

• In 1983 he was a co founder, owning his own firm which focused in the financial service’s industry.

• The positions he held included, CEO of Universal Oil Reserves Inc. President, as well as serving on the board of directors.

• He has worked in several financial service companies, becoming well recognized for his track record.

• He also served as President and a member of the board with a large Gypsum mining company, located in the United States.

• He has over 25 years of a proven track record in business including the oil and gas industry, as well as in international business.

• Mr. Al-Nakib was also awarded the world peace coin for his contributions, he has served in many trust foundations throughout the world.


Dr. Karim AkrawiPhD Degree Geo-Statistics and Exploration

• Dr. Karim Akrawi has PhD degree in Geo-Statistics and Exploration from London-UK and BSc degree in petroleum geology from Baghdad-Iraq.

• Dr. Karim Akrawi is founder, board member & Vice President of Universal Oil Reserves Inc.

• Dr. Karim Akrawi is Geosciences Director and one of the founders of Geodynamics - Italy 2000 – Present; Dr. Karim Akrawi was responsible for worldwide Geosciences activities for Passive Seismic Spectroscopy (IPDS) – Reservoir Hydrocarbon Indicator (RHI) surveys. Geodynamics conducted over 108 surveys in several worldwide oil basins.

• 1980 – 2008; Dr. Karim Akrawi was Senior Reservoir Geologist with Abu Dhabi Company for Onshore Oil Operations (ADCO is producing 1.8 million BPD). He worked on most of the Exploration, Prospects, Discoveries and developed fields in UAE and other partsof Gulf exploration areas.

• 1972 – 1980; Dr. Karim Akrawi worked as Acting Head of Geology Department- Northern Petroleum Organization (ex.IPC) Kirkuk-Iraq. His work covered most producer fields, discoveries, exploration areas activities in central and north Iraq.

• Dr. Karim Akrawi has been contributing as an author or co-author in preparing, publishing, and presenting over 200 technical papers and reports in oil and gas industry in Iraq, UAE, Gulf and other parts of the world.

VICE PRESIDENT


Universal Oil Reserves Inc. Board Members

Abdkkadir Al-Nakib CEO & [email protected]

Dr. Karim AkrawiVice [email protected]

Illya GalicDirector of [email protected]


Management

Jeff FunesDirector Business [email protected]

Noora Al-khalidiLegal Adviser for Middle [email protected]

Joel FarringtonAssistant Corporate Secretary [email protected]

Mahmood A. ShaheenCorporate Sec. & Director of [email protected]

Maria AmaniDirector International [email protected]

Tariq Al-naimiSenior Geologist Oil & [email protected]

Kasem ChitmunchaithamSenior Manager for East Asia [email protected]

Nora AkrawiCorporate Resource [email protected]


Current Activities

Universal Oil Reserves Inc. combined with its consortium companies are currently working in over 40 countries worldwide.

Utilizing Advance Technology:The Company has been using the new advance innovation technology from Geodynamics - Passive Seismic Spectroscopy (Reservoir Hydrocarbon Indicator). This unique exploration survey tool, provides huge support to our exploration and field development activities, by reducing investment cost,minimizing time, decreasing drilling risks, and thereby reducing investment costs.

For details please visit:www.geodynamics.it


Seismic company

Geofizyka Torun (GT) offers a wide range of geophysical services to oil and gasexploration industry. Its core business activity involves:

• Seismic Field Operations

• Seismic Data Processing

• Seismic Data Interpretation

• Well Logging

• Well Log Analysis

• Near-Surface Geophysics

• Geological, Drilling and Environment Protection Services

www.geofizyka.com.pl


Krakow Drilling Company

OGEC Krakow Ltd. are focused on providing:

• Advance deep exploration

• Development and production drilling of oil, gas and water wells

• Exploration and production drillings

Exploration and production drillings:OGEC Kracow Ltd. is in possession of modern technology medium and heavy weight drilling equipment which enables work to be performed at depths of down to 9,000 m. Two equipment units of OGEC Krakow Ltd. are equipped with a top drive system increasing their efficiency.

www.ogec.com.pl


Well Logging Company

Geofizyka Torun (GT) provides a broad suite of professional well loggingservices, which focused on reducing of cost in oil and gas finding, as well as indevelopment, and at the same time reducing exploration risk. Their spectrum of services includes:

• Openhole Logging

• Casedhole Logging

• Production Logging

• Perforating

• Pipe Recovery Operations

• Mud Logging

• Downhole Seismic Survey

GT provides precise, comprehensive subsurface evaluation services during or after drilling in open or cased holes, as well as in production wells - with an integrated, efficient approach, that focuses on maximizing clients asset’spotential.


Arabian Drilling Company

Established in 1964, Arabian Drilling Company (ADC) is a joint venture between the Industrialization and Energy Services Company (IESCO), A Saudi Government Oilfield Services Company, and the Services Petroliers Schlumberger S.A. anInternational Company specializing in Petroleum Services.

ADC has operated onshore and offshore drilling Rigs in Kingdom of Saudi Arabia, the Partitioned Neutral Zone with Kuwait, and in the past in Yemen and the UAE. ADC’s Clients include Saudi Aramco, AGOC/KGOC in Khafji, Total in the UAE, and Exxon and Hunt in Yemen.

We Specialize in:

• Providing a variety of top quality drilling units on land and offshore

• Providing our clients, drilling services to find oil and gas efficiently and safely

• Handling the most challenging drilling programs

• Training and developing our own people, with an emphasis on Saudi Nationals

www.arabdrill.com


Real Time Operation Center System(RTOC) Technologies

Our partner, GTC GLOBAL in collaboration with Kongsberg Intellifield has aunique Real Time Operation Center (RTOC) system. This system is used for in-formation collection, decision-making support, management and interaction to the international oil and gas industry.

The business area also delivers systems for the simulation of long pipelines for oil, gas and water flows, in three-dimensional visualization of reservoirs,drilling and operations, as well as for the interaction required for integrated operations.

www.globalgeosciences.com www.km.kongsberg.com


Activity Map


Passive Seismic Spectroscopy Technology

GeoDynamics:Development, design and development of Infrasonic Passive Technologies (IPDS) began in 1995.

The GeoDynamics organization was established in 2003 with the setting up of GeoDynamics Research S.r.l. The Research & Development center is in Rovereto (TN), Italy. IPDS benefits include:

• Effective cost and drilling risk reduction

• Tracing oil boundaries of geological objects at any depth

• Investigating the internal structure of objects of interest

• Obtaining data to assist in the initial mapping of prospects

• Areas of interest identified in the initial survey can be targeted efficiently foradditional data acquisition to better delineate prospective resources

• GEOSPECTRA IPDS® can identify barriers and boundaries in hydrocarbon zones, such as those caused by sealing faults and sedimentary barriers

• Before drilling an exploratory or appraisal well GEOSPECTRA IPDS® can identify the local hydrocarbon potential or non potential as well as aiding in avoiding the drilling of dry holes and speed up the production development activities.

• GEOSPECTRA IPDS® data can be integrated into existing seismic data for a better understanding of a potential hydrocarbon pool.

www.geodynamics.it


Environmental Geophysics and Gravity Magnetics

PBG Ltd. and Gravity Magnetics:

The company founded in 1950, the main activities are acquiring global geophysical projects including acquisition, processing, interpretation, mapping up-to final reports. In addition the company is heavily involved in CO2capturing and storage facilities.

www.pbg.com.pl


Hampton Data Management

The company established in 1991 in London, U.K. The aim of Hampton Data is to provide a complete customized data management solution involving:

• Remote Data Capture

• Data Conditioning

• Electronic Data Archiving

• Cataloguing and Indexing through to Document Management services within Data Management Projects

www.hamptondata.com


Global GTC

Established in 2007, the Global GTC is a professional firm providing services tothe Geosciences community in the oil and gas industry around the world. Consultation on formation evaluation (both; open and cased holes), drilling, reservoir management, reservoir simulation, production engineering and environmental Engineering.

Training:

Global GTC offers specialized courses throughout the world in-house and on location. Courses vary from staff development to building strategies.

Project Management:

Work on different projects, mainly related to drilling, reservoir management, and formation evaluation.


T2 LLC

T2 has competence and international experience to provide expertise and engineering perspectives on seismic interpretation, geological studies, including reservoir characterization, structural and property modeling, dynamic simulation, and reservoir development plans/economics.

By using broad experience and knowledge, T2 can tailor cost effective services for our client’s accurate operational decisions and optimized production.

T2 is always looking for innovative ideas both for modeling and simulation workflows. Through our methodology, we satisfy geology and dynamiccharacteristics of reservoir behavior at the same time by using right approach.

http://www.t-sqr.com


Partnerships

Universal Oil Reserves (Yemen) Ltd

Universal Oil Reserves Inc. has an MOU agreement with Sheikh Abdul Salam Al-Rawas Al-Katheeri.

The agreement by Mr. Abdulkadir Al-Nakib (CEO & President) and Sheikh Abdul Salam Al-Rawas Al-Katheeri (Chairman) stipulates the mode and type of cooperation and working together to acquire oil bearing concession blocks and others mutual interests in Yemen.

Based on this agreement, a partnership between Oil Reserves Inc. and Rawas Investment & Development Group has been established between both parties for the purpose to explore, develop, produce and operate oil & gas concession blocks.

• Sheikh Abdul Salam Al-Rawas Al-Katheeri has BA degree in Law, Diploma degree in planning and security. He is the Chairman of Al-Rawas Group for Development and Investment, registered in Yemen and United Arab Emirates.

• He is well connected to the main tribes of Yemen, and has large network connections in the Arabian Gulf region and other parts of the world, that include world leaders. His activities and interests are mainly in the oil & gas industry as well as in other major industries.

• Over the years, Sheikh Abdul Salam Al-Rawas Al-Katheeri has facilitated the introduction of many oil exploration and operating companies to Yemen, as they acquired oil and gas concession blocks as well as other business transactions in Yemen.

• Sheikh Abdul Salam Al-Rawas Al-Katheeri is one of the group leaders (population a ove one million) of the Al-Katheeri tribe, which are primarily located in south Yemen (Hadhramaut area), Oman (Dhofar area), United Arab Emirates, Saudi Arabia and other parts of empty quarter throughout the Arabian Peninsula.

• His father (Sheikh Ali Amer Al-Rawas Al-Katheeri) was one of the rulers in south Yemen until 1967 (prior to this time south Yemen independent). The Al-Rawas family was the controlling family in the area for over 750 years.

Sheikh Abdul Salam Al-Rawas Al-Katheeri


Partnerships

Universal Oil Reserves (Syria) Ltd

Universal Oil Reserves Inc. has an MOU agreement with Mr. Amer Kadora President of (ARMKORG Group S.A)

On April 9th 2009, Universal Oil Reserves Inc. announced that, it has signed an MOU agreement between Universal Oil Reserves Inc. & ARMKORG Group S.A. to established cooperation between both parties to apply for concession block in Syria.

Based on this agreement, the partnership has been established between both parties.

Amer Qadora


Advisors

Miloud BekkouchaMSc Control Systems Engineering

• Extensive theoretical and practical experience in the upstream and downstream requirements of the oil, gas, petrochemical and power industries.

• Participated in many oil, gas and power generation projects and studies that include: Design engineering, construction, commissioning, operation, maintenance and HSE, with good knowledge and experience in hydrocarbon processes, mechanical, electrical, instrumentation and process control applied to: oil and gas separation plant, gas processing and treatment plant, water and gas injection schemes, well automation, intelligent field, oil refineries, LNGplants, power generation plant and distribution network.

• Strong project management skills and consistent record of achieving results within the budget and schedule. Experience has included, planning, implementation, construction and commissioning of major projects, as well as operations, maintenance, major overhauls and optimization of production, operation and maintenance of the facilities & plants.

• Comprehensive background and knowledge in human resources management, organization structures, and recruitment. Participating in many organization restructuring and interviewing campaigns for new engagement, with good exposure to successful management skills, personnel planning, scheduling and control techniques, and practices including productivity management.

• Comprehensive knowledge in business process excellence, and practical experience in carrying out self assessment and benchmarking processes in all aspects with the application of the latest management tools and best practices to improvement of company performance and practices.


Advisors

Dr. Soran TalabaniPh.D. Petroleum Engineering

• Dr. Soran Talabani is currently the director of Global GTC. He is specialized in Formation Evaluation, the open and cased hole logging, LWD and MWD. Previously, he has worked for Baker Hughes Inc. as Global Recruiting & Research Manager - Geosciences - INTEQ in Houston, Texas. Prior to that, he was Senior Staff Advisor in Petrophysics and Formation Evaluation for the Middle East region for Baker Atlas division - Baker Hughes Inc.

• He was also Adjunct professor at the UAE University during 1997 - 2001. He has broad international experience for over 30 years in different areas in the oil industry with different major international oil and service companies. He also worked as a research consultant for six major oil firms, a consortium in the USA.

• Talabani holds MS in Petroleum Engineering from University of Alaska-Fairbanks - USA, and Ph.D. in petroleum engineering from New Mexico Tech University - Socorro-NM-USA in combination with Colorado School of Mines - Golden-Colorado-USA. He has presented and published over 30 papers in different areas, and is currently writing a book on Formation Evaluation. Talabani is a member of SPWLA, SPE and Council of Energy Advisors & Association, Washington-DC.

• Over 30 years of international experience in different areas in the oil industry; Well logging, drilling, drilling fluids, cementing, reservoir & environmental engineering.


Advisors

Serdar KayaM.Sc, Resvoir Engineering

• Mr. Serdar Kaya is an independent consultant with an extensive experience and knowledge in reservoir characterization, geological modeling, and passive seismic applications. He has published innovative modeling approaches for challenging modeling issues.

• He has also successfully trained, mentored and coached many geologist and engineers in reservoir modeling. He holds both MSc and BSc degrees in Petroleum Engineering. He is currently supporting many clients from different parts of the world.


Advisors

Dr. Maha Al Masri PhD Petroleum GeologyEnvironmental Geological Advisor

• Dr. Maha has PhD in petroleum geology - 1999 from Baghdad University Iraq.

• 1999-2004; She completed several contracts and research studies concerning field reservoircharacteristic, sequence stratigraphy, oil migration and hydrocarbon entrapment in all parts of Iraq.

• In 2004, she joined an environmental company in the UAE, and then she moved to Inter Geo Emirates, branch of Inter Geo Austria as a consultant.

• Dr. Maha has completed several environmental, studies and has significant experience in environmental impact assessment for industry areas, also supervised sorting work in the landfill, hydro-geological, engineering assessment, groundwater, pollution with oil consultancy for ENOC/Dubai, marine surveying, monitoring, solid and water waste treatment.

• She started environmental activities and communicating with high Iraqi authorities, recently she visited the Minister and Deputy Minister of Environment, Ministry of Oil, Deputy Minister of Municipalities and the Governor of Basra. Also she visited the Water Resource Minister in Kurdistan.

• Currently, she is communicating with the authorities of water resources center in Kurdistan, as they need EIA for dams of Darbandekhan, also investment of landfills in Iraq and seweragetreatment plants, EIA for the southern part of Iraq.

SUCCESSFULLY EXPLORING ANDDEVELOPING OIL RECOVERYWORLDWIDE


Oil Center Proposal


Oil Center Site Plan

Partners Organization Chart

Geophysical company

Drilling Well Logging

Passive SeismicSpectroscopy

EnvironmentHealth, Safety

DataManagement

2D/3DSeismic

OGEC Kracow Ltd.

Arabian Drilling (ADC)

Geofizyka Torun (GT)

GeoDynamics Geofizyka Torun (GT)

Intergeo EHS Hampton Data

KrakowDrilling Co.

Environmental Geophysics

Geophysics Gravity &

Magnetics

Production & WellsMonitoring

KongsbergIntellifield RTOC

Research & Development Studies

GTC GlobalT2 , Geological &

Reservoir Modeling

Staff Organization Chart

Corporate Sec. & Director of MISMahmood A. Shaheen

CEO & PresidentAbdkkadir Al-Nakib

Vice PresidentDr. Karim Akrawi Administration Director

Illya Galic

Asst. Corporate SecretaryJoel Farrington

Director International RelationsMaria Amani

Director Business DevelopmentJeff Funes

Legal AdvisorNoora Al-khalidi

Senior GeologistTariq Al-Naimi

Corporate Resource Manager Nora Akrawi

Senior ManagerKasem Chitmunchaitham

ADVISORS

Business DeveloperMiloud Bekkoucha

AdvisorDr. Soran Talabani

Reservoir Modeler Serdar Kaya

Environment Geologist Dr. Maha Al Masri

Head Offices:

U.S.A5112 Baile Loop, McClellen Park

California, 95652 U.S.A.

Tel: +1 916 643 2222

Fax: +1 916 643 2280

Abu DhabiP.O Box 70375, Abu Dhabi, U.A.E.

Tel: +971 2 446 5582

Fax: +971 2 446 0203

For further information write to us:

[email protected]

www.universaloilreserves.com

www.uors.ae

UORS-0509-V1

Oil & Gas Exploration & Production Company

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